Fuelcell Energy (FCEL) Debt Ratio (2010 - 2026)
Fuelcell Energy's Debt Ratio was 0.01 in fiscal Q3 2026 (quarter ended Jul 31, 2026), down 28.7% from 0.02 a year earlier and down 17.1% from the prior quarter.
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Analysis
Fuelcell Energy (FCEL) Debt Ratio (2010 - 2026) Analysis & Trends
For FY2025 (ended Oct 31, 2025), Debt Ratio at Fuelcell Energy came in at 0.02, up 0.8% from FY2024.
- In earlier fiscal years, Debt Ratio was 0.02 in FY2024 (+60.1%), 0.01 in FY2023 (-25.0%), 0.01 in FY2022 (+21.9%) and 0.01 in FY2021 (-71.8%).
- The fiscal Q3 2026 figure marks the lowest quarterly Debt Ratio since fiscal Q3 2024.
- Compared with a year earlier, Debt Ratio has declined for three straight quarters, with growth averaging 24.4% over the last eight quarters.
- The best year-over-year quarter for Debt Ratio over five years was fiscal Q1 2025 (growth of 68.4%); the worst was fiscal Q4 2021 (a decline of 71.8%).
- Per Business Quant data, FCEL's Debt Ratio in the three fiscal quarters before Q3 2026 was 0.02 (Q2 2026), 0.02 (Q1 2026) and 0.02 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 238.25 Bn | 198.17 Bn | 2.36 Bn | 0.03 |
| 2 | Bloom Energy | 64.00 Bn | 55.79 Bn | 355.57 Mn | 0.00 |
| 3 | First Solar | 18.75 Bn | 9.70 Bn | 605.00 Mn | 0.00 |
| 4 | BWX Technologies | 12.32 Bn | 10.62 Bn | 202.31 Mn | 0.46 |
| 5 | Nextpower | 11.91 Bn | 7.80 Bn | 335.85 Mn | - |
| 6 | Generac Holdings | 11.42 Bn | 10.25 Bn | 521.81 Mn | 0.23 |
| 7 | EnerSys | 6.22 Bn | 4.41 Bn | 313.36 Mn | 0.26 |
| 8 | Enphase Energy | 4.25 Bn | -607.94 Mn | 175.01 Mn | 0.20 |
| 9 | Mirion Technologies | 3.72 Bn | 1.56 Bn | 133.10 Mn | 0.13 |
| 10 | Fuelcell Energy | 872.33 Mn | -748.87 Mn | -24.50 Mn | 0.01 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 0.01 |
| Apr 30, 2026 | 0.02 |
| Jan 31, 2026 | 0.02 |
| Oct 31, 2025 | 0.02 |
| Jul 31, 2025 | 0.02 |
| Apr 30, 2025 | 0.02 |
| Jan 31, 2025 | 0.02 |
| Oct 31, 2024 | 0.02 |
| Jul 31, 2024 | 0.01 |
| Apr 30, 2024 | 0.01 |
| Jan 31, 2024 | 0.01 |
| Oct 31, 2023 | 0.01 |
| Jul 31, 2023 | 0.01 |
| Apr 30, 2023 | 0.02 |
| Jan 31, 2023 | 0.01 |
| Oct 31, 2022 | 0.01 |
| Jul 31, 2022 | 0.01 |
| Apr 30, 2022 | 0.01 |
| Jan 31, 2022 | 0.01 |
| Oct 31, 2021 | 0.01 |
API Access
Fuelcell Energy Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=FCEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "FCEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=FCEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();